Trump Widens Lead Over Harris In Betting Odds On Prediction Markets —Sets A New High On Crypto-Based Polymarket
Portfolio Pulse from Aniket Verma
Donald Trump has widened his lead over Kamala Harris in betting odds on the Polymarket prediction platform, reaching over a 55% chance of winning. This shift follows Joe Biden's withdrawal from the race and Harris' rise as the Democratic candidate. Polymarket, built on Ethereum's Layer-2 protocol Polygon, has become a prominent platform for U.S. election predictions, although it's not accessible to U.S. users due to regulations.
October 11, 2024 | 1:39 am
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POSITIVE IMPACT
Ethereum's Layer-2 protocol Polygon is the foundation for Polymarket, a leading prediction market for U.S. elections. The platform's prominence could boost Ethereum's visibility and usage.
Polymarket's use of Ethereum's Layer-2 protocol Polygon highlights Ethereum's capabilities in decentralized applications. As Polymarket gains prominence, it could drive more interest and transactions on the Ethereum network, potentially boosting its value.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Polygon, Ethereum's Layer-2 protocol, underpins Polymarket, a major prediction market for U.S. elections. This association may increase Polygon's adoption and value.
Polygon's role in supporting Polymarket, a significant prediction market, showcases its utility in decentralized applications. As Polymarket's popularity grows, it may lead to increased adoption and transactions on the Polygon network, potentially enhancing its value.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70